1.Seacon Ships Management has bolstered its operated fleet with two ultramax bulker newbuildings, two secondhand supramax and two kamsarmaxes.
2.Despite a rise in volumes and revenue, the net profit of Hong Kong-based port operator COSCO Shipping Ports plunged in the first quarter of 2019.For the three months ended March 31, the company’s net profit was at USD 49.9 million, representing a drop of 27.9% compared to the same period a year earlier.
3.Hong Kong-based Orient Overseas Container Line (OOCL) delivered stronger revenues in the first quarter of 2019, with the largest rise experienced in the Trans-Atlantic trade.For the quarter ended March 31, 2019, OOCL’s revenues increased by 5.9% to USD 1.46 billion from USD 1.37 billion reported in the same quarter a year earlier.
4.On the afternoon of April 18, COSCO SHIPPING held the 31st Meeting of the 1st Term of the Board of Directors in Yangzhou, Jiangsu Province. Capt. Xu Lirong, Chairman of the Board, presided over the meeting. Director and Deputy Party Secretary of COSCO SHIPPING Mr. Sun Jiakang and External Directors of COSCO SIHPPING, including Mr. Liu Zhangmin, Mr. Chung Shui Ming and Mr. Xu Donggen attended the meeting.
5.China’s CNOOC has secured a 10 percent participation interest in Novatek’s second liquefied natural gas project, the Arctic LNG 2.Russia’s largest private natural gas producer said on Thursday a binding agreement for the acquisition of the 1o percent participation stake in the project was signed in Beijing.
6.Yantai, a coastal city in East China's Shandong province, saw its foreign trade rise 5.3 percent year-on-year to 21.83 billion yuan ($3.25 billion) in March, according to Yantai customs.
7.Global aluminium production flatlined in the first quarter of this year, according to the International Aluminium Institute. A couple of long-running outages together with curtailments in Europe caused production outside China to dip 1.4% to 6.37 million tonnes in the first three months of 2019. Chinese production, a complex moving picture of price-induced curtailments, pollution controls and capacity swaps, edged 1.6% higher to 8.93 million tonnes.
8.Chinese port companies ink Indonesian, Djibouti and German agreements.During the second Belt and Road Forum held at Beijing last week Chinese companies continued to grow their influence port agreements inked across multiple continents.
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